New oil proves elusive, and alarm bells ring

Western oil companies are running out of likely places to look, and significant finds are growing rarer. With the most accessible areas either already picked clean or kept off limits for political reasons, exploration teams are having to push into harsher, more remote and less promising territory, where the costs and risks are high.

There is an alternative to nuclear energy

For 50 years, nuclear power has been a solution in search of a problem. Now – oh, happy days! – two of them have arrived at once. Suddenly, climate change exists: George Bush says so. After years of ridicule, the greens’ jeremiads about declining oil production are now spilling from other people’s mouths.